Peter Dunn: [00:00:00] Picture this. It's Tuesday morning. Dane, timeout, quick timeout, Dane. It's a little, you just want to restart? No, I just want a quick timeout. Quick timeout. What I'm about to tell you is a true story. Oh. Okay, I'm back to my Back to those two. Sometimes I Okay, here we go.
Picture this. It's Tuesday morning. And at the Indianapolis Colts Complex, Joe Flacco, Super Bowl winning quarterback, and I walk in from the parking lot. To do a day's work. We make eye contact. He looks down, as he's about a foot taller than me, and I look up into the sky like I'm seeing the lord of
He's heading into the locker room to figure out how to beat this week's opponent the Buffalo Bills And I'm walking in to improve the financial [00:01:00] acumen of the employees of the Indianapolis Colts, and that's how Tuesday started Hello, everybody. It's Chris Delaney. It's Damon. La ra. Hey, buddy. Hello
Damian Dunn: Joe Flacco is 39 years old.
Peter Dunn: Yeah, I mean he's basically He would have been in a school district when I was in a school district. That's how I do it now. I'm like, yeah, I was a senior, but you were younger than you. So significantly younger. This is my birthday month, Kristen. I'm not a birthday month sort of fella.
Kristen Ahlenius: I
Peter Dunn: know. I can't tell who Facebook user is.
I assume it's Neil. That's no Mutombo story. It really isn't. It really isn't. How is everybody?
Kristen Ahlenius (2): Is everyone coming through his Facebook user?
Damian Dunn: I don't know. It might be, yeah, because I see multiple people saying good day.
Peter Dunn: Okay, look,
I can't tell who anybody is today. Come on, get
Damian Dunn: on up Mark Zuckerberg.
Peter Dunn: Big Rick Swink, I was on a ruck last night.
Okay, so can I get a ruck vest update real quick? [00:02:00] Yeah, I'm on the people who are it hurts my trapezius muscles. It really like Kristen. I was doing I wanted to, I don't want to say I was doing you a favor last night, but I was fulfilling a promise that I made to you last night on my phone. Via an email I received on your behalf, and I'm ruckin so I'm ruckin and I'm thummin I'm ruckin and I'm thummin And and it's just choking me, and I think I gotta decrease the weight, Dame.
That's okay.
Kristen Ahlenius (2): It's alright. Are you sure that it is fitting right?
Peter Dunn: No, I'm shaped like a pear. They're not meant to fit on fruit.
Kristen Ahlenius (2): That's not what I meant. I mean that like when my sister and I used to run with a weight vest, like you want it to be really tight around like your rib cage.
Like it shouldn't be putting that much weight on your traps, should it?
Peter Dunn: Maybe I should have the weight sit on my belly. And so it actually is like a shelf. Maybe I've got a built in advantage called a lack [00:03:00] of discipline. Dame, I also put my whoop strap back on. I think I'm back in. Really? No.
Kristen Ahlenius (2): That was a really soft commitment, yeah.
Peter Dunn: What's going on? It's Slow News Week, right? Yeah.
Kristen Ahlenius (2): Yeah.
Peter Dunn: Here's what we're going to do today. A lot of big feelings around the country, a lot of big feelings. A lot of big feelings. It's fine. It's fine. We're not talking politics, but we are talking about the economic impact of the presidential election, the outcome of the presidential election.
We would have done this no matter who won, right? If Jill Stein had mustered more than seven votes, we'd be here talking about that, but we're not. What a cheap shot. Why did I do that? I have no idea. Wasn't
Kristen Ahlenius (2): kind.
Damian Dunn: She what do you think the total of her votes that she's accumulated over like the last three presidential runs?
She said,
Peter Dunn: I saw a stat this [00:04:00] morning. I feel like she had 1. 2 million.
Damian Dunn: I have
Peter Dunn: no
Damian Dunn: idea.
Peter Dunn: I'm just, I think she had five or 600, 000 votes this time. Maybe. Yeah. I think so too. I don't know. It's more than I got. Dave, do you think you got a ride in? No. Kristen's not old enough. You're not. Here's what's on the show this week.
We're going to talk about the economic impact, both the market and the economy of a second Trump administration. And then we're going to talk about the, I think Kristen, which I love the list the checklist of things to make sure you cover. Be sure before you combine finances with a lover correct That's exactly how I phrased it.
Is this a is this are we talking marriage? Are we just talking combining finances
Kristen Ahlenius (2): combining finances? Okay I take that back as you can get married just if you get married you should have these conversations But you should also have these conversations if you're [00:05:00] combining your finances
Peter Dunn: Okay. Okay. Dame, don't hurt your brain that you just made a face.
It's I think you could have an aneurysm right here and there. Is that a new watch Dame?
Damian Dunn: No, it's I've had this one for a while. I just I got Apple watch user guy for the most part, but sure. I noticed there was like almost a irritation spot underneath the Apple watch after a while and I was like, I probably ought to stop that, you know what it is, Tim Apple trying to dig into my body.
It's the Bluetooth button. Yeah. It could be an extended hiatus from more technology.
Peter Dunn: So I love my daughter, she's 15 and she's wonderful. And she, but she's a weirdo like me like you don't know what is going on? She walked into the home the other night after cheer practice or whatever came up to me.
Sunk her top teeth into my shoulder really hard and just goes beaver [00:06:00] Just dropped me like drop me to the ground I don't mean like you guys have known me a very long time. That's the output that you get from a
Damian Dunn: Deserved probably. Yeah, I never would have guessed that your daughter would do that.
Kristen Ahlenius (2): Wasn't she the same one that like Roundhouse kicked you or something after her like first gymnastics or like something. Was that her?
Peter Dunn: I probably I don't actually I try to block it out. Oh, she's a wonderful weirdo Okay, you guys want to do this? I don't have anything after this. I mean we could go all day No, let me see what I got.
I guess I'm a noon. So we're, yeah we are good. Are you guys have any restraints?
Kristen Ahlenius (2): I think you and I are in the same meeting at noon.
Damian Dunn: Yeah. I don't have anything until noon either. Are we going for a two hour show today?
No.
Peter Dunn: Guys. So last Sunday. I, my son's soccer team played [00:07:00] the number one soccer team at the age group in the country.
That's a rare occurrence. Oh man, it was fun to watch. In a way, right? Cause to see to see the truly that team is the best group of 12 year olds in the country at doing what they do by this ranking system. And it was like, Holy moly. So that's what the best looks like.
It was fascinating.
Damian Dunn: There was a very clear discrepancy between the teams. Yeah, we scoreless in the first half, which was amazing for us.
Peter Dunn: It was like a big victory because soccer is all about. Yeah, we lost oh three, but like they average six or seven goals again. But man, Dame they're center back and for what I'm at, he's he was giant.
He's like my, he's a 12 year old. It's probably bigger than me. And I was like, at one point, I thought he was going to ask out my wife. I was going to offer him the keys to the car. I was going to give him a mortgage deed. It's Hey, whatever, sir, whatever he's stronger than me, [00:08:00] Chicago grown those kids up quickly.
All right. Let's do this if we may. And if you guys have a, I think the impact of the election conversation is probably two segments. And if it's not, then we can pivot to the relationship thing. Are you okay with that? Kristen made a face.
Kristen Ahlenius (2): I did just because I feel like this is not the conversation where I have a ton to offer, but that's okay.
I can be relatively quiet today. Maybe I can be
Peter Dunn: smart for
Damian Dunn: once.
Kristen Ahlenius (2): Yes. Please. You ever think about that? I would love that.
Damian Dunn: I told her pre show that your segment idea was going to go two segments, pretty easily. I
Kristen Ahlenius (2): said, why?
Damian Dunn: Yeah. She was like, we're not qualified. I was like, when has that stopped?
Peter Dunn: Here's what I'm going to do.
I'm going to give you some information and then you react
Damian Dunn: to it.
Peter Dunn: That's great
Damian Dunn: very similar to what I said actually you were going to tell us what you thought and then Kristen and I were going to say whether we agreed Or disagreed and argued for a little [00:09:00] while. That's great. I don't think we're gonna argue about
Peter Dunn: any of this.
Really? I really don't
Kristen Ahlenius (2): That's what Dame said four shows ago and you threatened to put Dame and I in a friendship sweater
Peter Dunn: Yeah
Every once in a while and stuff like this though, Kristen will have an angle that I haven't considered. It's like a young angle, cause I, and it's just something I hadn't considered. So that could happen today.
Kristen Ahlenius: Okay.
Peter Dunn: I'm ready. Okay. I'm not let me get all the system fired up here. Duh.
I also covered this on the Indianapolis business journal podcast recording yesterday, which comes out on Monday. I tried to keep it more professional on that. Then probably I will on this out of prudence. Good.
Okay. Sorry, everybody. You know what else to go? Here we go. In three, two, one. This week on the pizza planner show, we answer your money questions. Here's how the show works. You email us, ask Pete at pizza planner. com. That's ask Pete at pizza planner. com. And here's what happened. [00:10:00] Sometimes we answer those questions, sometimes we don't.
Today, we're doing something a little different by we, Damien Dunne. Mon frere, hello Dame. Hello Pete. And Kristen Lanius, also mon frere hello Kristen. Hello Pete. For those that are wondering, that maybe have lived, In a coffee can in the back of their yard for the last week, the presidential election just happened.
Former president Trump is now former president, future president Trump, president elect. There we go. And so what we're going to do today for the first couple of segments is we're going to talk about the market and economic impact of his victory. We're going to do our best. I'll speak for myself.
And if you guys want to stack hands on this, feel free to do our best to keep politics out of it. We're going to try to focus on numbers. There will be some opinion, but it's going to be based in numbers. We think, Dame, are you willing to agree to that? Are you going to view it a little [00:11:00] differently? Yes, totally agree.
Kristen?
Kristen Ahlenius (2): Completely agree.
Peter Dunn: Okay. I also acknowledge a lot of big feelings around the country. People like, this is the best thing that ever happened to him. This is the worst thing that ever happened to him. I'm not marginalizing that. I just, it's not what we're doing today. It's not what we're doing today.
Okay. So that's a different show on a different platform. Okay. So Dame, When did you get the official news that president Trump was elected? Wednesday morning. Like normal morning, like 2 AM ish. Five 30 ish sometime. Farm time. Farm time. Yeah. Kristen, how about you?
Kristen Ahlenius (2): I woke up at four 30 or something and checked my phone and saw.
Peter Dunn: Yeah, same me too. And then I immediately went to the CNBC app on my phone because I wanted to see if I was right. And I was. The pre market was going crazy. And so the immediate impact of this was about the least [00:12:00] surprising thing that has happened in the last few months that the market went bananas when president Trump was elected, Kristen, did this surprise you?
Not even a little. No, Dame. Did this surprise you?
Damian Dunn: No. Okay.
Peter Dunn: And for what it's worth, I'm going to try to do a little of this today. It's not even out of fairness. It's just out of transparency. My guess is that if vice president Harris would have been elected, I think the market would have changed.
Gone down quite a bit on Wednesday. That's my guess. I don't know how you all feel, Damien, but what do you, how do you feel?
Damian Dunn: I think it would have been flat. Honestly, I don't know if it necessarily would have gone down. If it would have gone down, maybe marginally, but my suspicion is it would have been flat ish.
Kristen Ahlenius (2): Kristen, I think it would have gone down because the market doesn't like to be surprised.
Peter Dunn: Interesting. Here's what I thought. I thought it was gonna go down and then I thought it was gonna trickle back up through the rest of the year. I think I think with what's happened with the reaction to President Trump getting elected [00:13:00] I don't, I think it ratcheted up. I don't think it's gonna necessarily trickle back down again today.
This we're just talking money today. We're talking money today. Another thing that happened though, is that bond yields increased significantly. And when that happens, typically what it means is that there's going to be a fear of higher inflation, and there's going to be a fear of increased interest rates in the near future, which Dame is really weird, especially given that on Thursday of this week, the fed and everyone knew it lowered interest
Damian Dunn: rates.
Another quarter point. Yeah. There's. It was a bit surprising to see that happen, especially I had nerded out and went to an economic forum earlier this week and listened to a whole bunch of different data. And I thought I had a pretty good grasp on what was going to happen Thursday, or I guess for the rest of this week at that point.
And seeing that particular result was a [00:14:00] little surprising. Now you could potentially argue that this is in preparation for some of The tariff rhetoric that's been thrown out there that's driving some of this in advance of seeing if this comes to fruition or not, but I didn't. I didn't anticipate it.
The clear as it
Peter Dunn: came to mask. A clarifying question there. You feel free to punt everybody today. Sensitive topics. So feel free to punt on anything. You said tariff rhetoric President Trump said that he will slap tariffs on everything. And it is his favorite word. He's tariff man. Are you talking about that rhetoric or is there some different rhetoric that I, you're exactly right.
Damian Dunn: That's what I was referring to.
Peter Dunn: Okay. I think part of this too, if we try to look at the economics of this is what were campaign promises and what was bluster, there's part like that's where I'm a little uncertain, right? So I guess we got to take him at his word, at least for now. Okay.
Damian Dunn: Yeah, this is we could easily go down a different path and we've already promised and stacked hands not [00:15:00] to, but I think that's a really big challenge for the American voter and in general is trying to parse what is actual legitimate policy and what's just being said on the campaign trail to, to earn votes on either side.
This is you're right. The proof will be in the pudding. It'll play out however plays out and we'll see what happens.
Peter Dunn: Yeah, Kristen, this is not a big surprise. Cryptocurrency surged nearly 8 percent on Wednesday, and our friend Dougie Deadlifts is getting closer to his appearance on this show, and he will be on the show if Bitcoin ever reaches 100, 000.
Okay, so let's get into, if we can for a second, I'm going to give you an industry that I think is going to do well, at least in the first couple years of the Trump administration. Because it's hard to look further out than that. I got to be honest there. And then we can talk about where, who's going to struggle.
All right. So to begin I believe the energy sector [00:16:00] company, Oh, none of this is investment advice, Dame, do we hit him
Damian Dunn: with that yet? Good point. No, we have not. None of this is investment advice. Do not chase it. We are still the same morons that we were last week. I think
Peter Dunn: the fossil fuel industry is going to go bananas.
Dame agree, disagree, totally agree. Kristen agree, disagree. Traditional energy
Damian Dunn: is what I would call it.
Kristen Ahlenius (2): Yes. 100%, especially in the comments that we saw out of the campaign for the last, like two weeks of the love of oil. Yeah.
Peter Dunn: The love of oil. So far his favorite word is tariffs and he loves oil.
Kristen Ahlenius (2): And RFK is going nowhere near the oil is what we've been promised.
Peter Dunn: Oh, are we even, are we talking? I actually, I do have an RFK thing a little bit later as it relates to industries that might be struggling soon. So we'll see. Okay. If you've just joined us late, just making some observations, some predictions about what a second Trump administration can mean to the market at large, particular industries and the economy.
And we're doing [00:17:00] our best to keep political opinions. Out of it, we're trying to take campaign promises, see them to fruition, and then see what the impact of those promises would be. I believe the financial services industry, specifically in banking, will go crazy because of deregulation and just general favorable fiscal policy.
So I expect banking stocks to go crazy, at least over the next two to three years.
Damian Dunn: I think there's going to be less regulatory pressure put on banks and financial industries in general. And I wouldn't surprise me to see some profits start to happen on a more regular basis in that sector.
Peter Dunn: Chris and thoughts agree, disagree.
Kristen Ahlenius (2): I'm curious, how do you think that some of the market reaction plays into that of like we saw, did you say we saw increasing bond yields based on the idea that we think there will be inflation? Do you think that impacts banking or no?
Peter Dunn: I don't. [00:18:00] Think it has a not in my calculations. I'll say this.
I think as we'll talk about here in a few minutes, the inflation worries are really around a couple of things, increased government spending and tariffs, which we're going to spend a lot of time on here and a little bit, but let's do this. Let's take a break so far. Here's what we've said. We believe fossil fuel industry is going to have a pretty good few years.
We think the banking industry is going to have a pretty good few years. And we'll come back. We'll hit what else is going to do well. And some things that probably aren't going to do too well. None of this is investment advice, but it is entertaining conversation. And I'm Pete, the planner. All right.
Still feel relatively clean. We've done it. We've done it. We have done it. Yeah. It's really interesting. And a Mason King, who's the host of the IBJ podcast asked me on the air yesterday, he said, okay, we went through all these predictions and he said, how should this [00:19:00] change how someone invests?
And I was like, that's an amazing question. Actually. It's a really good question. Dame, let me, can you guess what my answer was?
Damian Dunn: Yeah. But do you want me to say
Peter Dunn: it now? Yeah, go ahead. It
Damian Dunn: shouldn't.
Peter Dunn: Exactly. That's exactly what I said. Should have zero impact. You should go talk to your investment advisor and say, Hey, how do we account for this?
But it really shouldn't impact Your financial decisions that much.
Damian Dunn: I was just trying to think through different scenarios, potentially where it might impact me too. I feel you. The obvious one that we always try to tend to gravitate towards is somebody who is just getting a retire or just retired and trying to take some of that into consideration.
But I, I don't think there's any need for them to make major wholesale changes at this point either.
Peter Dunn: Let's get back to it. I have so many thoughts. I just want, I want to get 'em, let's just, let's go. I don't want to spill it in the break. In 3, 2, 1. Back on the Pizza [00:20:00] Planner show talking the impact of President Trump's reelection on the markets and on the economy.
Joining me, of course, our Dame and Kristen jumping back into financial services real quick. And this one's a, whether I like it or not, this one is, I think cryptocurrency is going to have a pretty interesting few years. And interesting. For them. Kristen, do you see that a particular way?
Kristen Ahlenius (2): I don't honestly know how I feel about that one because crypto doesn't feel like this, like red or like Republican thing. And so I honestly don't know.
Peter Dunn: And I'm not disagreeing with you. I just want to clarify my perspective on this. I don't, to me, this has nothing to do with Republican or Democrat or conservative or moderate.
This, to me, is what Trump has said on the campaign trail. He's often been accused of not being a conservative, right? None of my thoughts have anything to do with the parties themselves. Dame, what do you think about crypto? Do you think it's going to [00:21:00] flourish under the Trump, second Trump administration or suffer?
Damian Dunn: I know somebody that's going to suffer under the Trump administration related to crypto. It's the sec chairman, Garrett Gensler. He's likely on his way out. Day one would be my guess. So I don't, he's done a big part of trying to rein things in and get things a little bit more controlled in that space, but I don't know if any, making any changes is going to necessarily.
Increase the, gosh, I don't even know what the right word is. I don't see how a Trump administration increases the value that is offered. I'm using air quotes around value that's offered by cryptocurrency. So I don't know.
Peter Dunn: I have an, I have I have an idea how, and then I've got a thought about the SEC because and I will tell you I have a cynical take there as to what the impact of the head of the SEC getting fired on day one, which.
Will happen. I think it's [00:22:00] the deregulation again. You're going to see all breaks are off. And so it's the deregulation which will drive volume and creativity of crypto use. I think it's going to be the wild west. I think the market's going to go wild for that. But I also think there's going to be a lot of negative repercussions that we can't even put into words much in the, the St.
Sam bank and freed. Type things, which gets me to the sec and what's going to happen when the head of the sec is fired. Dame, it is going to be neutered completely. And what I believe you will see is you will see an increase in investor. Fraud against investors by financial advisors and stock brokers.
I think we're going to come into the era of terrible financial advice that takes advantage
Damian Dunn: of people. Boy, that's a strong take. I know I, I would not go anywhere close to that far with that because there's still. The, if [00:23:00] there's a head change at the sec there, it's not going to become the wild west.
I just don't see any way, shape or form that's going to happen. Now there may be some potentially looser restrictions, but I don't think they're going to walk back anything that currently exists that maybe some stuff that was formerly on the table becomes less of a conversation. But man, I just, I do not see regulation and oversight in the financial services industry becoming less because.
Of a new administration.
Peter Dunn: This is the first part of which we're, we do disagree because and this might be my hottest tech of the day, but I feel very strongly that we're about to find and be in the era of financial malfeasance for financial advisors, Kristen,
Kristen Ahlenius (2): I don't know, because Maybe this is just maybe I'm too much of in a younger bubble on this is that I feel that the everyman does so much in the way of investor [00:24:00] protection already that like people are pointing out like we do on this show like things to be looking out for.
And so I don't know that I feel that strongly about that.
Damian Dunn: Is there something specific, Pete, that you think is going to get walked back or do you think it's just gonna be a overall reduction in enforcement of existing laws?
Peter Dunn: I'll say it this way. Just like the IRS can get neutered from time to time with staffing and you can weaken a department simply by its staffing and by the leadership that's appointed to it.
And again I'm trying to separate. brain theories that I might have from what I really think is going to happen. I think president Trump has not been served well. It probably by his perspective, by the sec and whatever he's had to go through, especially in relation to DJ teach stock with he, he said there was manipulation.
They said there wasn't like I just think he's not going to do them any favors, but let's move [00:25:00] on. All right. I think the military contractors are going, and stocks are going to be have a good couple of years based on defense spending. Damn. Yep. I agree. Kristen.
Kristen Ahlenius (2): I want to say that, yes, I agree, but at the same time, I don't remember in how many presidencies Trump's the first president to not start new war in his first term and however many presidencies does that really I understand that traditionally you would say Oh, a Republican is in office.
This is great for the defense industry. But if you look at his first term, would we suggest would that suggest that's going to be true this time?
Damian Dunn: I think there's the opportunity. I won't say likelihood. I'll say the opportunity that we're engaged in other conflicts through proxy. And as we're providing equipment, we'll have to replace it.
Kristen Ahlenius (2): I don't know, because I just feel and again, this is about campaign promises versus what actually happens. But I feel like the campaign [00:26:00] promise is I rule by the iron fist of my voice. And like, when I say things, then people take them seriously. And that's why there was potentially depends on who you ask less conflict in his first term.
And if he can really deliver on that, why would defense spending go up?
Peter Dunn: I just think based on if, again, if we're going off the campaign rhetoric to some degree, you gotta take a person to have their word until they prove otherwise. Again this is someone that wanted military parades. They want the feel of large a large force.
And I think that there's not a lot of people in the media that disagree with this take. Let me just put it that way. Not a lot of people disagree that defense contractors are about to make a bunch of money. We'll see. How about this one? If that one bothered you? How about this one? Private prisons?
Interesting. Private prisons, if you are the party of law and order and mass deportation [00:27:00] and lock up and all these sorts of things, it's gross, but I think private prisons are going to have a heyday here in the next four years. I don't think I can argue against that. It's
Damian Dunn: interesting too I'm finding it very hard to come up with reasons against, I may not agree with some of the reasons why you think they will do well, but I don't see any potential roadblocks to them continuing to do well.
Peter Dunn: All I'm going to hit you with one more. And you know what? Here's the thing, Kristen. I hate it. I hate it. But your beautiful topic, which was going to be part of the show today is now next week. It's all right. It's not timely.
Kristen Ahlenius (2): We have to do this for a whole nother segment.
Peter Dunn: I think we have to.
Wait, what? Is this bothering you? Go ahead. Is it bothering you? Why is this bothering you? Alright, so this is the, my other spicy take. So this is a spicy take. I think any business that Elon Musk is involved in, under the next few years will benefit [00:28:00] greatly.
Kristen Ahlenius: Oh, yeah.
Peter Dunn: And I think literally everything he touches, especially if he's advising the president on business will benefit him.
And so I would, I'm not, again, I'm not telling people to invest. I'm just thinking anything he touches business wise will do very well in the next two to four years.
Kristen Ahlenius (2): Many thoughts. Okay.
Peter Dunn: Then you're going to save them for the break. Okay. All right. Dame, you too. Come up after the break. Will Elon Musk's businesses thrive in the next Trump administration?
That's next on the Pete the Planner Show. I'm Pete the Planner. Kristen, you don't like this topic? Not really. No.
Kristen Ahlenius (2): Why? I just. What makes you uncomfortable about it? I just generally don't feel qualified enough to speak on it. But it's just your opinion. But I guess that's the difference between, and I don't want to say I try really hard to not give my opinion on things that I don't feel that I've researched well enough to stand firm in them.
And so while I am an [00:29:00] opinionated person, it's because I live for learning and to understand the things that I believe. And some of these things I just don't feel that I have enough information on to even have an opinion.
Damian Dunn: Dam, how do you feel? Same. No, I just, I, I'd much rather spend time studying some of this stuff to have a more in depth, less superficial opinion on some of this stuff.
But I also know that, and the chances of me understanding what any of these topics, top to bottom, as well as experts in this area are slim to none. My opinion is just as valid as anybody else's. We just have airwaves and podcasts.
Peter Dunn: The way I view this is this topic is interesting to me because with all the emotion that's been this week in the last several months, in the last four years, the last eight years, the last 12 years, There's still quantitative measure [00:30:00] of the electorate, right?
There, there is going to be good and there is going to be bad fiscally. And I think trying to discover what, where those elements are not partisan at all. I think they're interesting. And the same would be true under a Harris administration. It's like this industry will do well, this one's going to be poorly, and maybe they're different.
And I, I just find it interesting. I don't find it I don't find it disturbing really other than the prison private prison thing is a gross idea I mean it is a it's a gross idea that we'll have more prison population to some people I guess some people think that's great. I tend to not think it's great.
But It's never mind Hunting on that. That's alright a good self pontil It's like the email response that you delete before you sent sometimes. It's all in the wrist as they say Chris Let's go in three two Back on the Pete the Planner show talking the impact of Trump's re election, is it, is it technically a re election Dame?
It is a re election, but it's, he wasn't the [00:31:00] incumbent.
Damian Dunn: Correct.
Peter Dunn: Yeah. It's a re election. It's a re election. With a gap. Yeah. Okay. So we're talking industries that will do well and issues that will do poorly. And then we're gonna talk the economy here in just a second. Kristen, I said any business that Elon Musk is tied to in the next two to four years will do well.
Okay. This is my prediction and you said you have thoughts.
Kristen Ahlenius (2): How can, J. D. Vance has promised that they're going to get rid of the whole everybody in California has to drive an EV by 2034 or whatever, J. D. Vance has promised they're going to get rid of that. And then in addition to that, Trump has promised this like love of oil.
So how can Elon Some of his businesses thrive in that environment. Do you have any thoughts on EVs? Elon
Damian Dunn: Musk's Tesla, just go Tesla. Tesla has seen the market share come back to earth a little bit with all the other car [00:32:00] manufacturers jumping into the space in general. Now you could argue that He still has figured out a way to do it better than virtually anybody and anybody that does it better is way higher priced Than him.
So if there's going to be a market for affordable Reliable electric vehicles, it's probably going to still be dominated by tesla the regulation though the regulation component could be a pretty big wrench in the works now, I think there is very likely A world in which they coincide really well because they're major swaths of the country that EBS don't make any sense at all.
And there's a whole bunch of parts of the country where they're the ideal daily transportation, to be perfectly honest. So I think there's a possibility where they both thrive.
Peter Dunn: 75 percent 60 to 75 percent of Tesla's parts are manufactured in the United States. So I think that's where they actually, to some degree, benefit from the tariffs.
They benefit from the lack of competition from Chinese EVs that were knocking on the door. [00:33:00] So that's why I think it'll be fine. And then straight up. If you supported the 100 million of donations during his campaign, I wasn't born yesterday. There's going to be some impact there.
And yes, that's a cynical take. I'm not that mad about it. I just think that's, what's going to happen. All right, let's get to what's going to, do you guys want to add anything else? That's going to go well. Any other industries you want to pop in before I move to the industries I think are going to struggle.
Damian Dunn: No. What do you think
Peter Dunn: about
Damian Dunn: construction?
Kristen Ahlenius: Yeah.
Peter Dunn: Yeah. Yeah. At least in the first couple of years of interest rates stay low. But the challenge there always, it's just like with the lumber situation. The second you have to import any materials with, Mr Tariff you're in trouble and then it's going to suffer.
Donald J. Tariff. Yeah. His words, not ours. All right. What do I think is going to struggle? Renewable energy.
Kristen Ahlenius (2): Yeah.
Peter Dunn: Now I just think [00:34:00] any renewable energy plays are going to struggle quite a bit. And you both reacted as you agree with that.
Kristen Ahlenius: Yeah.
Damian Dunn: Subsidies are going to go away or won't be re upped and it's going to be a really.
Tough sell for the average everyday American to go out and buy solar or wind or whatever, just because it's still expensive without a little bit of help.
Peter Dunn: Do you want my RFK take next, Kristen, or do you want a little bit of a hot take next? Which would you like
Kristen Ahlenius (2): your RFK take, please?
Peter Dunn: I think if he is put in charge in any capacity, over healthcare in this country.
I think pharma stocks are really going to struggle and an ancillary healthcare stocks, because if you simply, and again, I'm taking people at face value. I, and I'm not going any further than that. If you were so anti vax and you are leading that department, all the money made from vaccines you're going to see a change there.
And so I think pharma stocks could suffer based on campaign promises and the, [00:35:00] I was about to say the threat of RFK being put in healthcare, but that would just indicate how I feel as opposed to a, probably a better verb. What do you think, Kristen?
Kristen Ahlenius (2): Is he anti vax or is he just anti the FDA?
Peter Dunn: He's the most anti vax person on the planet, Kristen.
Kristen Ahlenius (2): I just feel like it's a legitimate question. Everything I've seen is about like the FDA in general, not about vaccines specifically.
Damian Dunn: Damn. Yeah, I totally agree between Pharma Healthcare. I think it's gonna get a ton of pressure for costs as well. We're starting to see ramps up ramping up in media stories, at least locally, for sure on that side of things as well.
So I think the healthcare industry in general is in for some shake up, Kristen.
Kristen Ahlenius (2): I'm curious though, because didn't Trump again, face value, make comments about bringing IVF under like [00:36:00] coverage for health care instead of it being viewed as elective. So there could be again, face value. There could be sub sectors of general health care that perform well.
If certain promises are kept.
Peter Dunn: I would say though, if that's the case, and this is where I'm going to tap in with, I have no idea what I'm talking about is if that's the case, then insurance companies would have to spend more on IBF if it's required that they do that. And so therefore it is less profitable and it is actually worse for them.
Kristen Ahlenius (2): For health insurance companies, but I'm not saying health care isn't just insurance companies
Peter Dunn: True. Here's my somewhat hot take. Maybe. I don't know. I think it is. I don't know. You tell me. I think with all the tariffs, I think domestic automobile manufacturers who get parts from outside North America are going to see their costs rise.
And so they're either going to increase their prices here, which is going to hit the consumer with inflationary challenges. And then the other side of that too, is they're going to have [00:37:00] to cut costs. And I think you're going to see a lot of auto workers laid off. But that would be my hot take is that you're the auto industry domestically is going to struggle, especially if they manufacture parts outside the United States.
Kristen Ahlenius (2): I have a question for the car man on the show. Okay, go ahead. I don't disagree with Pete's take. Damien, is there an automaker that you think is least impacted by tariffs? Who manufactures and assembles the most of their fleets here?
Damian Dunn: That's a really great question. Pete just gave us a statistic on Tesla.
They're probably, honestly, one of the highest domestically produced manufacturers right now. You'd have to, on the Moroni sticker on all new cars, you can see where parts are sourced and things like that. I would, that's a really interesting question. I don't know, but I do know already there are some major car manufacturers that are in trouble, Jeep announced layoffs in their Toledo plant.
Nissan's laying off a whole bunch of folks. I thought I saw something [00:38:00] about Audi, but I didn't read far enough in the article to see if they were included as well, which is a VW group, which VW is in big trouble as well. So there's a whole bunch of prime for big problems. In in the auto market or the auto industry at this point, and it'll be really interesting to see how this shakes out Kristen.
Kristen Ahlenius (2): I have another follow up question, and I genuinely don't know the answer to this. How does this impact foreign auto makers that make a large percentage of their parts here like Toyota?
Damian Dunn: Yeah I don't know. The Toyota Honda, they've all got plants in the Midwest. Nissan's in Tennessee. Kia potentially in Alabama.
I, but there's a Mercedes as well. They've all got plants in the United States at this point, BMW in South Carolina. So I'm not sure exactly how that's going to work. If it's going to be cars that are actually imported from offshore that would be hit, or if it's just anything that. That manufacturer produces because if it forces them to bring more manufacturing into our borders, [00:39:00] maybe that's a win
Peter Dunn: any other industries you want to put on.
That is not going to do well list real quick before I move on. Okay. So what I'm giving you now and then we're going to wrap this segment with and I got to go quick. The committee for responsible federal budget every year puts out estimates of the impact of legislation that is in. And it is, who's putting us deeper into debt.
Okay. And the last several administrations have they, they just have president Trump did president Obama did president Biden did. So what are the estimates here? Low cost scenario is that by the end of this term, it will increase debt by 1. 65 trillion for president Trump. That's the low end and the high end estimate is at.
15 trillion and the ranges for Kamala would have been 300 billion on the low and 8. 3 trillion on the high. So I don't know. We got to take a break. Coming up after the week, the other biggest waste of money of the week in the news on Pete, the planner for what [00:40:00] it's worth in the air on air is not going to get this.
I wanted to go through and tell you what's happened. In the last several presidencies. During the first Trump term, debt grew by 27 trillion.
Kristen Ahlenius: No,
Peter Dunn: two. Grew around 19 trillion to 27 trillion. Okay? So what I'm saying? Okay, it was eight trillion coming into the presidency and it was 27 when he left. And the reason for that, or the tax cut and jobs act of 2017, which is getting extended, right?
You cut the governance revenue. That's what's gonna happen. Increased spending on defense. He did a lot of defense spending in his first term. And then the obvious one that we all know is COVID 19. Predictions.
Kristen Ahlenius: Right.
Peter Dunn: Is that true? I'm looking at the Facebook comments. Kristen is a little squirmy today.
Dame, are you exasperated today? No, I don't think so. I don't feel you. I do feel Kristen squirming. [00:41:00] I do not feel damn exasperated.
Damian Dunn: I thought we were going to go to a tax conversation there and I could have been, could have become exasperated at that point. But
Peter Dunn: we can do it now. I'd love to. Let me finish.
Let me hit him where Biden added 6. 7 trillion. Okay. And some of that's covid social programs and healthcare increased spending. President Obama's terms and it's, I don't want to say it's a little bit unfair, but once you're so much in debt, you get into debt faster because of debt service, right?
So in his first term, he added 5. 1 trillion and oddly in his second term, he only added 3. 6 trillion, which was pretty impressive given that it should have accelerated the key factors to that second term, economic conditions, improved spending on programs like social security, Medicare and interest on the debt continue to grow.
Additionally, he faced constraints in implementing large spending cuts or tax increases due to political gridlock. I don't know. There you go. Dan, let's talk taxes. Okay, go ahead. You, I, [00:42:00] you want me to put something out there first or what are you going to go? Go ahead. Lob,
Damian Dunn: whatever you want into the forum, Pete.
Peter Dunn: Yeah, I don't have a, I don't have anything. I think the top end of the higher end of the wage scale We'll have great economic relief. I think the 27 tax cuts, 2017 tax cuts are going to get extended. But the strange thing is it's not going to feel any different because we experienced the 27 tax cut, 2017 tax cuts during the Trump administration.
And we have during the Biden administration and we're just going to continue with that. So it won't feel a lot different. Do you, how do you feel differently?
Damian Dunn: I'm saying it's going to be a status quo. I there's, they're not going to reduce taxes any further. I don't think they're on either the individual or corporate side.
I just, I can't believe they would do it. And so it's not going to feel like anything different, but I can promise you that if they would have reverted to the old tax system and that these would have expired, then it would have been a bigger issue that we all would have felt at some point in some way, whether that's increased prices or [00:43:00] that's a less income because we were going to be taxed higher, it would have been more of an issue.
So we were in a best case scenario, in my opinion, on this on tax, on the taxation side of the table. Because I don't think raising taxes would have been a great idea at this point.
Peter Dunn: What's interesting about that is, and this, I think this was meant to be my entire point is you're right, Dame that, that is good.
The other side of the bad is increasing national debt, right? Like with extending tax cuts, there's less revenue. Sure. And so I'm not here to say whether that's ultimately good or bad, but that is the balance of economics. Like those are the numbers, those are the numbers. It's not really a.
Debatable thing,
Damian Dunn: right? You alluded to this earlier. I'm saying like there's a number of ways is a different topic of conversation but there's a number of ways that Federal departments can be hamstrung or weakened and that's by potentially gutting them and if this campaign promise comes to fruition where [00:44:00] there's somebody in charge of Reorganizing we'll call it the federal government and how we spend money and who's being used for what Allah Nicholas Maduro in Central American Venezuela I can't think that's right.
Venezuela. I believe there could be some significant cost savings coming on the that side of the ledger of the budget as well. So I don't know. There's there are some serious unknowns about what the next couple of years look like. And in my belief this Trump administration will have two years to get a whole bunch of stuff done because there's I would not be surprised at all if the Democrats retake one or both houses in the midterm election.
Peter Dunn: I will note since you bring up Maduro and we've done a really, I think a good job of this during the entire show. You bring him up in the economics. Yeah. Because the last thing I was like, we are keeping everything else out of it. We're talking economics. I think ultimately what will happen to the economy here is I think [00:45:00] it's going to be really hot for two to three years, like incredibly hot.
I think we're going to have massive GDP growth. The market's going to go bananas. I think it ultimately ends in inflationary conditions. in a recession near the end of the presidency, but I don't say that critically. I just say anytime an economy gets overheated, there's a recession. It happens every single time.
And it's, again, it's not accusatory. It's just an overheated economy will lead to a recession. It happens. That's what I think. Dan, what do you think the trajectory of the economy is?
Damian Dunn: I will say that we have very slow growth, but not negative. Interesting. So
Peter Dunn: we disagree on that quite a bit. Why? Why do you think we have slow growth?
Damian Dunn: I just think there, as you said, there's a lot of stuff that's overheated right now. The individual is still struggling to make ends meet. I don't see any real change in that going forward, even if, listen, even if [00:46:00] inflation is taking care of air quotes, taking care of, we get down to that. Targeted 2 to 2.
5 percent inflation rate going forward. Doesn't mean prices are going to come back. There's there where they're at until wages come up to catch them. People are still going to feel the pinch. It's going to be very difficult to dedicate money in other ways that could potentially increase the economy through discretionary spend.
I think it's going to be a very tight period for individuals, families. over the next two to four years. I see really slow growth. Interesting.
Peter Dunn: I like hearing that perspective because it's clearly different than mine. Kristen, what do you think economy next four years?
Kristen Ahlenius (2): I'm listening to both of you and I, Dame says this every year based on his stock predictions.
He always predicts the market's going to be up like 30
Kristen Ahlenius: percent
Kristen Ahlenius (2): actually might be on his side this time. Listening to the both of you, give your [00:47:00] justification.
Peter Dunn: Okay. That's look, if people are smart around here, they should side with Dame in most cases. Yeah, we'll see after all. We'll see.
We've got another by the way, Tesla hits 1 million or 1 trillion market cap as we're talking here because Elon Musk will benefit from another,
in what way the trillion dollars or that it's benefiting.
Kristen Ahlenius (2): Both, but the fact that Tesla's the EV manufacturer is benefiting when Donald Trump has been seen so many times in the last two weeks being like liquid gold and like talking about oil and that's just, that's literally the, Antithesis of Tesla.
Peter Dunn: I just don't think, if you look at the evidence of, I don't want to say that cause I don't like that. That's a loaded phrase strike evidence, the word evidence. I think if I don't like research or evidence as words anymore, they are now ruined forever. I will say this. If Elon Musk was such a proponent of the president.
I, [00:48:00] I can't just look at it and go, that's out of his own patriotism. There's some other element to it. And I think he's got to benefit from it.
Kristen Ahlenius (2): Yeah. But Tesla is not the only thing like making EVs is not the only way that he makes money. I
Peter Dunn: understand that, but I don't I guess we'll see, right? Like I'm wrong four years from now.
One, I hope to still be alive. Number two, I'll gladly tell you. I
Damian Dunn: mean I think. Musk felt like he had to get involved or really wanted to get involved with this for a couple of reasons. One, he wasn't invited to the table when the government was talking to EV manufacturers for whatever reason.
Two the whole thing around X and His role over that. And the potential limiting of what he sees as free speech what he defines as free speech. I think he saw very clearly. There was one side of. The electorate that was going to continue to support those things that he [00:49:00] holds dear and that's where he went.
That's where his money went.
Kristen Ahlenius (2): Can Trump force them to get those people out of space? That's really what I want to know.
Peter Dunn: Aren't they
Kristen Ahlenius (2): still there?
Peter Dunn: It'd be late January. Forced out of space. Are you talking about a missile up there?
Kristen Ahlenius (2): No,
Peter Dunn: you just use the space force. It's space force coming back.
Kristen Ahlenius (2): That's what I'm saying. Why would Elon Musk not be in support of this? But didn't he say that they can go get these people and Boeing won't go get these people? Isn't that how this is working?
Damian Dunn: Didn't Boeing shut down
Peter Dunn: their space stuff? Yeah, Kristen, defense spending, Space Force, we have an entire new military branch.
I'm telling you. I will give you that one. So you are recanting your, or the whole defense spending thing, or just the Space Force thing?
Kristen Ahlenius (2): Just the Space Force thing. Okay,
Peter Dunn: fair enough.
Hey, first of all, we're about to move on completely from this, unless Dane, do you have stories on this or not? Really? I was just actually scrolling through to see [00:50:00] what I should rearrange
You know what Andy just said something I was going to say it earlier and I didn't don't forget that because Bezos pulled the Washington Post endorsement of Kamala he's gonna be benefiting as well and Andy notes that I agree with that actually, too. I think Amazon is not going to have a regulatory environment that's going to make their business to do harder to do.
Damian Dunn: Even if I put tariffs on like almost all the products they sell on Amazon,
Peter Dunn: that's actually a good point to,
A good job. Everyone keeping it kept, I think we kept it economic, right? Virtual high five for all of us. Maybe Kristen might send me a tersely worded email after this or slack. Who knows?
Kristen Ahlenius (2): I would never.
Peter Dunn: I think it would ,
Kristen Ahlenius (2): I disagree. Not,
Peter Dunn: Not in this situation per se, but I think if you wanted to send one, I think you've got the words to meet the moment , maybe, which is fine. Okay. Let's man [00:51:00] who, dam, you mentioned this earlier and then Jen mentioned that the lower bright decision environment is gonna make the regulatory environment very difficult going forward also.
I have got some some reading to do because I have no idea what in the heck that means. Yeah, I did too. Kristen, do you know that? Jeez. Thanks, Jen. Now I'll just go stare at my SAT scores to make me feel even dumber. But I will look that up. Thank you. Okay, let's do some other stuff. I'm getting the biggest waste of money of the week.
Ready to go. In three, two, one. One, this week's biggest waste of money of the week right here on the Pete, the planner show is Ritani engagement rings. December is the most popular month for engagements for those looking to pop the question this year, Ritani has you covered their selection of made to order styles set in platinum, yellow, or white gold.[00:52:00]
Are handcrafted by seasoned artists in New York, natural and lab grown diamond options are available as our gemstone options like Sapphires, emeralds, and rubies, whether choosing a pre made style or using the ring studio to create a custom design, virtual consultation services are available to help in every step of the way.
So Dame, of course, I went to the site to see if I was going to buy someone. a lab grown diamond, solitaire engagement ring. What would it cost me? And then we'll talk about why would it be the biggest waste of money of the week? And we're starting with Dame because I feel like Kristen might be more attuned to these costs.
So we're going to start with it.
Damian Dunn: You didn't even tell me like the side, what are we talking about here? We're talking
Kristen Ahlenius: about
Damian Dunn: one carat. Are we talking jeez, I didn't know you worked in the Diamond District of New York. Dude, give me the four C's here, which probably don't apply to,
Peter Dunn: 14 karat gold.
No, it has nothing to do with the diamond. I'm getting [00:53:00] to the diamond, sir. Okay, what's the weight? Okay, hold on. I'm looking
Damian Dunn: It looks like Mrs. Planner is listening to this, looking at the diamond on her
Peter Dunn: It's a, it looks like a, it looks like a sad lima bean. Or like a, like Israeli couscous, just a, it looks
Kristen Ahlenius (2): like two, I feel.
No.
Damian Dunn: Okay. What do you think, Dan? We're talking the lab grown side of things. Yes. Okay. I will go with 3, 000. Kristen?
Peter Dunn: 5, 600. 391. And here's why it's the biggest waste of money of the week. I asked a very classy lady, not Mrs. Planner, and I'm not suggesting that she's not classy. It was just a different woman this morning.
I asked this classy person, let's say your special love friend bought you a lab grown diamond. How would you feel about that? And I gave her room to emote and give me ideas. And the person said. [00:54:00] Yeah I wouldn't want that. And my fear, anytime I'm like, yeah, I'll get you a ring, but I don't want to spend thousands and thousands of dollars.
And I would think that's a good idea, but the fact that then you're given this gift that's not appreciated is in itself a waste of money. And I don't need that scrutiny in my life. Kristen, how do you see this differently? I
Kristen Ahlenius (2): have so many thoughts. Kristen
Peter Dunn: has thoughts. What are they? I
Kristen Ahlenius (2): have so many thoughts.
First of all, the debate of like lab grown versus natural diamond is so mind blowing and the actual value of lab grown diamonds is so little. Like as far as like how much they cost to make the markup is absolutely unbelievable, but they're the same. It's I saw a jeweler give the equivalent of a It's whether you made the ice cube in your freezer or you put water outside and it froze, it's still ice.
And apparently that is the equivalent for diamonds, just for what it's worth.
Damian Dunn: First of all, let's make sure everybody understands that diamonds aren't as [00:55:00] rare as De Beers has made them out to be. They withhold inventory to Artificially inflate the cost of diamonds. It's a racket. So that being said, I think you have to be really careful if you buy your P.
Have you lovey dovey, I believe is a phrase that you've used around a few times. Yeah, a lab grown diamond. Without getting their feelings on at first because that could be a major issue at some point in your relationship
Peter Dunn: I've always contended that I do a pretty good job on gifts, but it's anytime you give a gift and it backfires It's startles you and terrifies you for decades to come And I just feels like I would not want to miss on that one.
Dame. What's in the news?
Damian Dunn: This week, a record number of Americans in 2024 used inheritance to help finance a down payment for their first home. That's according to a new survey from the National Association of Realtors, which found Americans who bought homes for the first time between July of 23 and June of 24 [00:56:00] were older and wealthier.
Then in previous years, the report underscores the intensifying struggle that many Americans face when buying a home as prices have rapidly climbed to near record levels and mortgage rates have remained stubbornly high. The survey found that first time homebuyers had a median household income of, oh man, first time homebuyers, median household income.
Tell me, I'll tell you last year's. Okay. Last year's was 95, 900. I was going
Peter Dunn: to guess 88, 000. But now I've got to guess higher though. Because of interest rates.
Kristen Ahlenius (2): Yeah. But he also said more people bought with inheritance. So is it a trick and it's actually
Damian Dunn: good point.
Kristen Ahlenius (2): 80s,
Damian Dunn: 88, 97, 000, 97, 000. The median age of first time home buyers.
104.
Peter Dunn: Are you adding them together? Oh, [00:57:00] no. 33. 31.
Damian Dunn: 38. Oh,
Peter Dunn: wow. Kristen, 15
Damian Dunn: you. New record high. A generation ago, the typical first time homebuyer was in their late 20s. According to the report, first time purchasers shrank to just 24 percent of all homebuyers, the lowest share since NAR began collecting data in 81, that's 1981, by the way, 1 4th of first time homebuyers used a gift or loan from a relative or friend to help finance the purchase of their home.
According to the report, that's slightly. Higher share. Sorry. That's a slightly higher share than in 2022 or 23, but lower than the pre pandemic average of 31 percent between 97 and 19. And finally a record high of 7 percent of first time buyers use their inheritance to afford a down payment. What else is in the news?
Young man, TGI Friday gift cards are now riskier app. Oh, [00:58:00] because is there a fear that they're going to go under? In its first bankruptcy hearing on Monday, the faltering potato skim purveyor heard from franchisees who expressed concern that they would be on the hook to honor gift cards when corporate runs out of dough.
Reuters reported that TGI Fridays has 49. 7 million in outstanding customer gift cards and just 5. 9 million in cash on hand, which it's borrowing to aid the restructuring process. for joining us. Outstanding gift cards, which in theory don't expire, are 21 years old. In some cases, I'm going to say that was probably lost.
You don't have to worry about that one restaurant. And if you've got one in a drawer quote, go use it. Otherwise, you could end up in line for repayment behind a bunch of other creditors. In that case this individual from debt wire said gift card holders were likely to receive just pennies on the dollar.
Peter Dunn: You know what? Fast, casual or casual dining restaurant. It's just killing it right now. Yeah. Chillies. Really? Yeah, so Dave, my algorithm. Join me. Scary place. Join me. I'm served up a lot of [00:59:00] mukbang videos, if you will. Which is just people eating food with really loud noises. And there's these things called the triple dipper, which is the world's largest mozzarella stick, and it has gone viral.
And so Chili's is just serving appetizers to people as they dip giant Mott's into all sorts of toppings. Kristen, have you tried a triple dipper mukbang style?
Kristen Ahlenius (2): I am an OG Chili's fan. Before it was cool. I've tried it all. I love Chili's.
Peter Dunn: I feel like Chili's really got beat up on in, in culture. I have no problem with Chili's.
I got, I'm not choosing it over fine dining, but I've not also not been in 10 years, but
Kristen Ahlenius (2): there's nothing wrong with it to me. No, I need a 5 margarita and a three for 10.
Peter Dunn: Dan, where
Damian Dunn: do you stand on mukbang? There's no idea. I've [01:00:00] listened to you for the last minute. I have no idea what you're talking about.
Muckbang is great YouTube. There's no way I'm typing that into my phone.
Peter Dunn: I'll type it in on my work computer and I'll send you a link. Let me check with our IT department first. Not into it. You don't like Muckbang videos? No. It's a bad word choice. But, Dame, it's someone just Eating. It's ASMR for food eating.
Do they chew with their mouth closed?
Kristen Ahlenius (2): Not often.
Peter Dunn: This is no worse than the Indian head massage run I got put on a couple years ago. That's true.
Damian Dunn: Just go watch
Peter Dunn: people
Damian Dunn: proving fake seals are fake. Probably a lot of Stolen Valor this week.
Peter Dunn: All right, that's it on the show. Sending you good vibes, because good vibes are all that's in the budget.
I'm Pete the Planner, and this was certainly the Pete the Planner Show.
Kristen Ahlenius (2): And there at the end, we got into something I really care [01:01:00] about. Stolen Valor? Chili's! Chili's! I love Chili's.
Man,
Peter Dunn: I love a good mukbang video.
That's the worst possible. One of my favorite YouTubers right now is this guy named Phat Vic, P H A T V I C, P H A T V I C.
Kristen Ahlenius (2): Respect.
Peter Dunn: He is a slender Korean man, a Korean American, and he is known for eating 365 days in a row of chicken wings and doing chicken wing reviews. Every day in the dc area he quit his job as an attorney to do mukbang videos on youtube Crazy smart guy like dame you're watching this guy You're like this guy could be our attorney But he would take the billings that he got from you and he would buy chicken parts
Kristen Ahlenius (2): dead chicken
Peter Dunn: You look so skeptical
Damian Dunn: of the words coming out of my lips right now No, I 100 believe that this channel exists that this person exists I struggle to find out [01:02:00] what or to imagine what the draw to watch it is
Peter Dunn: Top three YouTube creators for you right now.
Kristen, top three. Damn, I'm gonna ask you the same question. Top three. I'll start, I'll buy you some time. Fat Vic, right? The wingman. Bruzel, which is a bourbon review and hunting series. And Pinal County Sheriff Frank Slope. He pulls people over and then I'm telling you, I'm guys, I've seen that guy.
That's amazing. And
Damian Dunn: that's a fun, that's a fun watch.
Peter Dunn: Those are, and then I also like SLB basement bourbon, which is a, like a father and stepson who review bourbon in a basement in Valparaiso, Indiana. I don't know. That's what I watch. Kristen.
Kristen Ahlenius (2): Not in order diary of a CEO.
Peter Dunn: Is it I,
Kristen Ahlenius (2): you've not seen that.
I think the guys from the UK and he interviews like industry experts and just asks [01:03:00] them all these in depth questions. Probably Theo Vaughn's podcast, if I'm being honest
Peter Dunn: and,
Kristen Ahlenius (2): Financial audit with Caleb hammer.
Peter Dunn: Are you trying to better yourself with your youtube consumption?
Kristen Ahlenius (2): Yes.
Peter Dunn: How boring is that?
I've had so many people tell me to watch the financial audit caleb thing. I've watched a couple of them I thought you were kristen. I thought you were anti that guy.
Kristen Ahlenius (2): No, not at all. I do think that he I'm a big fan actually because I think that the exposure to how other people are living their personal financial lives is You Good for the collective is what do I want to say for the greater good, but I do think that his approach of strip away anything discretionary and then live that way for three years to be out of debt is just totally unreasonable and unapproachable.
But I like the Audit part where he like makes people come to terms with their spending
Peter Dunn: real quick, Dan, before we go much further on that, I just want to say, anytime we're going to talk about another creator in the financial space by [01:04:00] name we appreciate the work that you're doing. Absolutely.
Like we may do a different. And we are criticizing in the margins here, but we appreciate you trying to help people. I
Damian Dunn: would frankly love to know way more about his production because I, there are some things that I see in granted and in small clips, usually the shorts that I'm like, how is this even somebody who's in this profession?
How is this possible? Like how it was set up? Is it what agreements have to be signed beforehand? How much of this is legit? How much of it is. Embellished a little bit. I don't know, but it's there are some truly jaw dropping things that I've heard on that
Peter Dunn: before I went before YouTube got really big and in years ago, I went into like pre production for a pilot for that sort of thing before in New York, and they would go to craigslist.
And in search out people that would want a financial makeover for a reality show. And so that's how they did it back then. Now he's got enough of a following. I think [01:05:00] people self submit I yeah, really
Kristen Ahlenius (2): correct. You can apply Caleb Hamer.
Peter Dunn: Dame, what are your three?
Damian Dunn: Mine are incredibly boring and probably exactly on brand.
I would say it's a combination of golf content creators. Which is anywhere from Bryson DeChambeau to Grant Horvat to the Brian brothers. Just some, not only do they play really good golf, but some of the production quality is just outstanding. Some of the videos they make are just amazing. Then there's some car folks straight pipes is a good one.
A fun one to watch. I know it's just a smattering of other stuff that pops up on my algorithm. My, my homepage on YouTube is really boring because it's like one of three things.
Peter Dunn: All right, hey, we did it. We went, is this the longest show ever? No. Potentially. After the longest week ever.
Actually, you know what? You guys, and we're going to end here. It wasn't a long week. It was [01:06:00] decisive. It was over quick. Okay. True. All seven swing states wonder. I
Kristen Ahlenius (2): was right by the way. I said Wednesday.
Damian Dunn: Yeah, I never would have guessed that we would have known by the time most people woke up on Wednesday that we would know pretty decisively.
Peter Dunn: Yeah, I agree. Hey, thanks everybody for keeping it cool today. Everyone listening. Please understand. The lots of feelings, super excited. People are super upset. I don't want to say great cause that sounds terrible, but like we get it. We're hitting the numbers today. That's what we tried to do. If you're still here, maybe you're so pissed off that you already switched on to the Conan O'Brien podcast.
Anyway thanks everybody. Stay getting money.
